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Visteon Corp (VC.N)

VC.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Visteon Q2 earnings per share $0.76
Thursday, 28 Jul 2016 06:55am EDT 

Visteon Corp : Q2 adjusted earnings per share $1.22 excluding items . Q2 earnings per share $0.76 . Q2 sales $773 million . Q2 earnings per share view $0.67, revenue view $821.1 million -- Thomson Reuters I/B/E/S . Says Reaffirmed 2016 Full Year adjusted ebitda and adjusted free cash flow guidance . Says electronics backlog of $15.9 billion at quarter-end . Qtrly electronics sales totaled $762 million, a decrease of $18 million from Q2 last year . Says established a range for electronics product group sales guidance of $3.1 billion to $3.2 billion for full-year .Year adjusted EBITDA and adjusted free cash flow guidance; established sales guidance range of $3.1 billion-$3.2 billion.  Full Article

Visteon Names William M. Robertson Interim Chief Financial Officer
Thursday, 31 Mar 2016 06:55am EDT 

Visteon Corporation:Says William M. Robertson, currently the company's vice president and corporate controller, will serve as chief financial officer on an interim basis, effective March 31, 2016, until a permanent replacement is named.As announced in January, Jeff Stafeil, who has served as executive vice president and chief financial officer since October 2012, is leaving the company to pursue other opportunities.Visteon's board of directors is in the process of conducting a search for a permanent chief financial officer.  Full Article

Visteon Corporation announces Chief Financial Officer Jeffrey M. Stafeil to leave company after appointment of successor
Tuesday, 26 Jan 2016 04:30pm EST 

Visteon Corporation:Says Jeffrey M. Stafeil, executive vice president and chief financial officer, will leave the company after the appointment of his successor.Stafeil has agreed to remain in the role to ensure an orderly transition until a successor is hired.  Full Article

AllGo Systems signs definitive agreement to be acquired by Visteon Corp
Tuesday, 12 Jan 2016 03:00pm EST 

AllGo Embedded Systems Pvt Ltd:Has signed a definitive agreement to sell its automotive business and become a 100% owned subsidiary of Visteon Corporation.Terms of the transaction were not disclosed.AllGoVision, the Video Analytics business unit of AllGo Systems, is not included in the transaction and will be spun off to operate as an independent company.  Full Article

Visteon declares special cash distribution; authorizes $500 million share repurchase program
Thursday, 10 Dec 2015 06:55am EST 

Visteon Corp:Board has declared a special cash distribution in the amount of $43.40 per share.Record date for the distribution is Jan. 15, 2016, and it will be payable on Jan. 22, 2016.Board authorized a share repurchase program of up to $500 million through Dec. 31, 2016.  Full Article

Visteon Corp signs agreement to sell interiors operation in Germany
Friday, 30 Oct 2015 04:15pm EDT 

Visteon Corp:Signed an agreement to sell its non-core automotive interiors plant in Berlin, currently held by Visteon Deutschland GmbH and APTUS GmbH, to APCH Automotive Plastic Components Holding GmbH (APCH), effective Dec. 1.Terms were not disclosed.Says transaction has no impact on Visteon electronics facilities in Germany.  Full Article


Investors cheer Delphi's bet on electric, connected cars

DETROIT Automotive supplier Delphi Automotive Plc on Wednesday said it plans to spin off operations tied to internal combustion engines and focus on technology for electrically powered and self-driving vehicles, boosting its share price and highlighting the challenges for legacy auto industry players.